Bloomberg Business

Parts of Europe will remain much hotter than normal this week as wild fires destroy homes and force evacuations in parts of Greece.

Bond investors can’t rely on credit ratings to give them a fair assessment of the climate risk they’re exposed to, and should brace for “trouble ahead,” according to the Institute for Energy Economics and Financial Analysis.

South African President Cyril Ramaphosa expressed support for an expansion of the BRICS group of emerging market powers, which will gather for its annual summit in Johannesburg this week.

Sweden’s third biggest bank turned clearly more optimistic in its outlook for the country’s battered housing market, saying prices have bottomed out.

UK inflation is proving harder to break in the basic services that Britons use — from haircuts to dining out — backing up the Bank of England’s concerns about stickier price pressures in the largest part of the economy.

SF Holding Co., China’s largest express delivery company, has filed for a Hong Kong second listing.

Credit Suisse is shutting its cash equity sales business in Japan, and has told hedge funds and other institutional clients it would no longer be taking orders as UBS Group AG proceeds with a global overhaul.

Ecuador’s presidential race will be decided in an October runoff between socialist candidate Luisa Gonzalez and entrepreneur Daniel Noboa, providing contrasting visions for how to bring prosperity to a violence-torn country.

Chinese stocks extended losses as mainland banks surprisingly kept a key interest rate tied to mortgages on hold, in a move that raised doubts over the country’s commitment to support the embattled property sector.